Fund Focus: Chimera S&P Kuwait Shariah Compliant Exchange Traded Fund
Tuesday, 10 May 2022 | Volume19.Issue19
IFN ReportsSAUDI ARABIA: Salama Cooperative Insurance Co receives letter of approval from Saudi Central Bank to reduce capital by SAR150 million (US$39.94 million)
SAUDI ARABIA: Gulf Union Al Ahlia Cooperative Insurance Co receives Saudi Central Bank’s approval to launch new product
SAUDI ARABIA: Capital Market Authority of Saudi Arabia approves Amana Cooperative Insurance Company’s request to increase capital via rights issue
UAE: Trading of GFH Financial Group’s shares on Abu Dhabi Securities Exchange to be activated on the 31st May 2022
MALAYSIA: FWD Takaful launches several value-based intermediation for Takaful initiatives including partnership with Malaysian Takaful Association
SAUDI ARABIA: More than six million new shares of Gulf Union Al Ahlia Cooperative Insurance Company subscribed in rights issue trading and new shares subscription
SAUDI ARABIA: Trade Development Fund and Foreign Trade Training Center to organize training program to support SMEs accessing global markets
UAE: Postpay receives Shariah compliance certification from Shariyah Review Bureau
PAKISTAN: PACRA assigns ‘AAA’ preliminary rating to Water and Power Development Authority of Pakistan’s third tranche of i-e Series C Sukuk worth PKR6.35 billion (US$31.5 million)
MALAYSIA: Cagamas sells one-year Islamic medium-term note worth RM100 million (US$22.77 million)
MALAYSIA: Bank Negara Malaysia issues four Islamic liquidity management papers
BANGLADESH: Bangladesh Bank auctions one Bangladesh Government Islami Investment Bond
GLOBAL: Islamic Corporation for the Insurance of Investment and Export Credit and International Federation of Islamic Takaful and Insurance Companies sign MoU to boost Takaful sector
SAUDI ARABIA: Mediterranean and Gulf Insurance and Reinsurance Co reports net loss before Zakat of SAR55.4 million (US$14.75 million) for first quarter of 2022
UAE: Dubai Islamic Bank makes AED1 million (US$272,230) donation to Dubai’s Rental Disputes Center to assist those affected by judicial rulings due to inability to pay rent
EGYPT: Al Baraka Bank Egypt to inject US$6 million to expand digital services
SAUDI ARABIA: Saudi Enaya Insurance Company to increase capital via rights issue worth SAR300 million (US$79.89 million)
QATAR: Masraf Al Rayan completes operational integration upon acquisition of Al Khaliji Bank; consolidates operations to single platform
GLOBAL: Astana International Financial Centre signs MoU with Qatar Financial Centre to foster joint projects stimulating activity on both financial platforms
NIGERIA: IsDB approves US$49,000 grant for University of Health Sciences to train hospital staff in Nigeria
SAUDI ARABIA: Abdulmohsen Abdulrahman Musaed Al Sowailem resigns as CEO and managing director of Nayifat Finance Company
UAE: Aafaq Islamic Finance appoints Darrel D Souza as senior vice-president of credit and collection
SAUDI ARABIA: Saudi Home Loans Co reports net profit before Zakat and income tax of SAR35.85 million (US$9.55 million) for first quarter of 2022
MALAYSIA: Amanat Lebuhraya Rakyat proposes landmark sustainable Sukuk program worth RM5.5 billion (US$1.25 billion); receives preliminary ratings from MARC and RAM
MALAYSIA: Tanjung Bin Energy sells eight Islamic medium-term notes totaling RM710 million (US$161.58 million)
INDONESIA: Indonesia Stock Exchange delists Medco Power Indonesia’s Sukuk Wakalah worth IDR832.7 billion (US$58.29 million)
BRUNEI: Brunei Darussalam Central Bank prices 73rd issuance of BDCB Islamic Bills at BN$27 million (US$19.56 million) with a profit rate of 0.35%
MALAYSIA: Bank Negara Malaysia issues four Shariah papers
SAUDI ARABIA: United Cooperative Assurance Co reports net loss before Zakat of SAR19.86 million (US$5.3 million) for first quarter of 2022
SAUDI ARABIA: Gulf Union Alahlia Cooperative Insurance Co records net loss before Zakat of SAR20.39 million (US$5.43 million) for first quarter of 2022
SAUDI ARABIA: Gulf General Cooperative Insurance Co reports net loss before Zakat of SAR18.07 million (US$4.81 million) for first quarter of 2022
SAUDI ARABIA: CHUBB Arabia Cooperative Insurance Co sees net profit before Zakat decline by 16.19% on year-on-year basis to SAR2.03 million (US$541,634) for first quarter of 2022
SAUDI ARABIA: Allianz Saudi Fransi Cooperative Insurance Co reports net profit before Zakat of SAR3.19 million (US$850,669) for first quarter of 2022
GLOBAL: Turk Eximbank and Etihad Credit Insurance sign MoU to enhance Halal trade and support business relations between Turkey and the UAE
QATAR: Shariah compliant crypto exchange CoinMENA launches in Qatar
SAUDI ARABIA: Riyad Bank calls for board membership nominations
BANGLADESH: Bangladesh Bank asks Islamic banks and conventional banks with Islamic operations to submit information on Shariah committee members
RUSSIA: Sber to offer Shariah compliant business lending product
INDONESIA: Bank Syariah Indonesia to conduct rights issue exercise worth IDR5 trillion (US$350 million)
SAUDI ARABIA: Bashar Yahya Alqunaibet resigns as deputy chairman of SABB Takaful
INDONESIA: PEFINDO affirms ‘idA+(sy)’ rating on Oki Pulp and Paper Mills’s Sukuk I Year 2021 Series A worth IDR700 billion (US$49 million) maturing on the 18th July 2022
INDONESIA: PEFINDO affirms ‘idA+(sy)’ rating on Jasamarga Pandaan Tol’s Sukuk Ijarah Year 2019
INDONESIA: PEFINDO raises rating for Hutama Karya’s Shelf Registered Sukuk I to ‘idAA-(sy)’ from ‘idA(sy)’
GLOBAL: Bahrain Bourse and Abu Dhabi Securities Exchange discuss high-level strategic partnership to implement cooperation agreement signed in November 2021
INDONESIA: Indonesia to issue project-based Sukuk paper via private placement
MALAYSIA: Bank Negara Malaysia issues five Shariah papers
UK: Cloud native banking technology company Thought Machine closes Series D funding round
SAUDI ARABIA: ANB Invest signs agreement with Hisham Al Musa Group to invest SAR700 million (US$186.4 million) in real estate project
BAHRAIN: Central Bank of Bahrain launches Bahrain Open Banking Supernova 2022 innovation challenges
Tuesday, 10 May 2022 | Volume19.Issue19
IFN ReportsFriday, 22 Apr 2022 | Volume19.Issue17
IFN Correspondent ReportsThursday, 10 Feb 2022 | Volume19.Issue07
News BriefsThursday, 13 Jan 2022 | IFN Annual Guide 2022
FeaturesTuesday, 03 Aug 2021 | Volume18.Issue31
Cover StoryTuesday, 22 Jun 2021 | Volume18.Issue25
News BriefsMonday, 21 Jun 2021 | Volume18.Issue25
IFN ReportsFriday, 21 May 2021 | Volume18.Issue21
News BriefsMonday, 01 Mar 2021 | Volume18.Issue09
IFN ReportsTuesday, 19 Jan 2021 | Awards Report 2020
Cover StoryTuesday, 19 Jan 2021 | Volume18.Issue03
Case StudyMonday, 04 Jan 2021 | Volume18.Issue01
DealsTuesday, 22 Dec 2020 | IFN Annual Guide 2021
FeaturesTuesday, 15 Dec 2020 | Volume17.Issue50
IFN Correspondent ReportsTuesday, 24 Nov 2020 | Volume17.Issue47
DealsTuesday, 10 Nov 2020 | Volume17.Issue45
IFN AnalysisMonday, 12 Oct 2020 | Volume17.Issue41
News BriefsTuesday, 29 Sep 2020 | Awards Report 2020
Cover StoryFriday, 04 Sep 2020 | Volume17.Issue36
IFN ReportsThursday, 03 Sep 2020 | Volume17.Issue36
IFN Correspondent ReportsMonday, 31 Aug 2020 | Volume17.Issue35
Takaful NewsWednesday, 01 Jul 2020 | Volume17.Issue27
IFN ReportsTuesday, 30 Jun 2020 | IFN HF Volume5.Issue3
Case StudyFriday, 26 Jun 2020 | Volume17.Issue26
IFN ReportsThursday, 25 Jun 2020 | Volume17.Issue26
News BriefsFriday, 08 May 2020 | Volume17.Issue19
IFN Correspondent ReportsTuesday, 21 Apr 2020 | Awards Report 2020
Case StudyThursday, 09 Apr 2020 | Volume17.Issue15
DealsTuesday, 11 Feb 2020 | Volume17.Issue06
IFN Correspondent ReportsFriday, 03 Jan 2020 | Volume17.Issue01
Takaful NewsTuesday, 15 Oct 2019 | Volume16.Issue41
IFN Correspondent ReportsThursday, 14 Mar 2019 | Volume16.Issue11
IFN Correspondent ReportsTuesday, 21 Aug 2018 | Volume15.Issue34
Cover StoryTuesday, 25 Jul 2017 | Volume14.Issue30
Cover StoryWednesday, 05 Oct 2016 | Volume13.Issue40
Cover StoryWednesday, 20 Jul 2016 | Volume13.Issue29
IFN ReportsWednesday, 22 Jun 2016 | Volume13.Issue25
IFN ReportsWednesday, 25 May 2016 | Volume13.Issue22
News BriefsTuesday, 06 Oct 2015 | Volume12.Issue40
IFN AnalysisWednesday, 23 Sep 2015 | Volume12.Issue38
IFN AnalysisFriday, 07 Aug 2015 | Volume12.Issue32
IFN ReportsMonday, 03 Aug 2015 | Volume12.Issue31
MovesWednesday, 10 Jun 2015 | Volume12.Issue24
Asset ManagementWednesday, 03 Jun 2015 | Volume12.Issue22
Cover StoryWednesday, 11 Mar 2015 | Volume12.Issue10
Industry MovesTuesday, 09 Dec 2014 | Volume11.Issue49
Asset ManagementThursday, 02 Oct 2014 | Volume11.Issue40
News BriefsWednesday, 03 Sep 2014 | Volume11.Issue36
News BriefsWednesday, 13 Aug 2014 | Volume11.Issue32
IFN AnalysisFriday, 18 Jul 2014 | Volume11.Issue29
News Briefs